Piper Sandler upgraded Vita Coco (COCO) to Overweight from Neutral with an unchanged price target of $39. The firm cites valuation for the upgrade following the recent selloff. The pullback, which has likely been driven by tariffs, is overdone as Vita has some sourcing flexibility and pricing power to use as offsets, the analyst tells investors in a research note. Piper believes the company’s sales momentum is “robust” while sea freight costs are dropping.
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